Volvo Revises Prices For All Its Cars In India

Swedish luxury car
company Volvo Auto India (VAI) established its presence in India in 2007 and
has since then, worked intensively to market the Swedish brand in this country. The company recently, announced
a revision of prices across its car range.

All the models would undergo an
upward revision to increase the ex-showroom prices by 3%, the increase is a
result of the recently proposed taxation norms on cars across various
categories in Union Budget 2016. In addition, the company has also substantially
reduced the prices of few of their cars which include the S60 Momentum, the V40
Cross country and the S60 Kinetic.

Speaking
on the occasion Mr.Tom von
Bonsdorff, Managing Director, Volvo Auto India said that with the introduction of this year’s Budget the company is
forced to relook over the price list for their vehicles and increasing the
rates. He further added that efficiencies
of scale have enabled Volvo to reduce cost and hence pass on the price discount
to the Indian Customers.

About
Vivek Manjarekar

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